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In this video, Toby Mathis, Esq. will discuss the correct way to structure your first rental property and strategies to mitigate taxes.
How should one structure their first real estate property? This is a common question most newcomers to real estate investing may find themselves asking.
You can also be asking questions like…
"Why would I care? Does it matter?" 15:00
And the answer is yes and yes.
It is very important to make the best choice for you when deciding on a structure for your first property.
Toby Mathis, Esq. has been investing in real estate for many years now, and he has been around the bend and back when it comes to the struggles. Which makes him an excellent point of reference for learning more about the subject.
With that being said, we circle back to the question, how do you structure your first property?
If you have a minute to spare, then we have the solution you are looking for.
Learn more about how to decide which choice is best for you and how to arrive at a said choice.
Keep in mind that the answer to this problem can be found in a process. A process that walks you through what you need and how you can protect yourself. So be sure to watch the video until the end to ensure you get all the information possible.
Until next time, remember to like, share, comment, and subscribe to the channel.
Thank you for watching, and good luck with your first and hopefully first of many properties.
Show Notes:
0:00 Intro 0:14 The Process for Decision 4:05 The first step 8:50 Ownership 14:30 Looking at Land Trusts and LLCs 10:00 Structures 18:02 Active Trader Business 24:05 House Hacking 31:04 Outro --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://aba.link/subscribe
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📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
--------------------------------------------------------------------------------------------------------- The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
